Tag: Current Account Deficit
New Zealand Dollar Drops to 6-Year Low, Australia’s Also Falls
By Candice Zachariahs
Jan. 29 (Bloomberg) — New Zealand’s dollar dropped to a six-year low after the central bank cut interest rates by a larger-than-forecast 1.5 percentage point, reducing the appeal of the nation’s assets. The Australian currency also fell.
Posted: January 29th, 2009 under News.
Tags: Australian Central Bank, Australian Dollar, currency, Current Account Deficit, CUt Interest, Federal Reserve, Forex, Global Recession, New Zealand Dollar, RBA, Reserve Bank of New Zealand
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